Crypto analytics firm Santiment says that virtual reality blockchain Decentraland (MANA) is quietly flashing an on-chain signal that has previously foreshadowed exponential rallies for the altcoin.
According to Santiment, MANA’s profit/loss ratio, which compares the amount of coins sitting at a loss to those at a profit, is sitting at three-year lows.
The last time the profit/loss ratio was at the current level, MANA exploded 610%, as per Santiment’s data.
“Decentraland is a fairly under-the-radar ERC20, non-fungible token (NFT) and virtual reality asset that saw its market cap shrink in 2022.
The profit/loss ratio of MANA’s transactions is at its lowest level in three years. Those following six weeks saw its price rise +610%”
At time of writing, MANA is trading for $0.63, down over 89% from its all-time high of $5.85. A 610% gain for MANA would mean a rally all the way up to the $4.47 range.
Santiment also has its radar on leading oracle network Chainlink (តំណ). According to the firm, LINK’s price movements as of late are being preceded by massive spikes in social media activity.
“Chainlink’s market cap dropped ~5% Friday before bouncing just as the day’s trading (UTC time) closed. Three social dominance spikes appeared for LINK, indicating traders were making moves. The latest occurred just as the price began rising again.”
សម្លឹងមើល Ethereum (សាកលវិទ្យាល័យ ETH), Santiment says that ETH whales and sharks have been pushing down the price over the last five weeks. Based on the firm’s data, Ethereum addresses holding between 100 and one million ETH triggered both the relief rally in August and the correction of last month.
“Ethereum’s shark and whale addresses (holding 100 to 1M ETH) have dropped 3.3 million ETH in just the past five weeks. This equates to about $4.2 billion in dumped coins. The asset’s price vs. Bitcoin has ebbed and flowed based on behavior of these key stakeholders.”
At time of writing, ETH is trading for $1,308, up 1.66% in the last 24 hours.
កុំនឹក Beat - ជាវប្រចាំ ដើម្បីទទួលបានការដាស់តឿនអ៊ីមែលតាមអ៊ីមែលដែលផ្ញើដោយផ្ទាល់ទៅប្រអប់ទទួលរបស់អ្នក
ពិនិត្យ សកម្មភាពតម្លៃ
តាមយើងនៅលើ Twitter, Facebook និង Telegram
surf ឌឹដហូមលាយប្រចាំថ្ងៃ
ការបដិសេធ: មតិដែលបានសម្តែងនៅឌឹដហូមដស៍មិនមែនជាដំបូន្មានវិនិយោគទេ។ វិនិយោគិនគួរតែប្រឹងប្រែងដោយយកចិត្តទុកដាក់មុនពេលធ្វើការវិនិយោគដែលមានហានិភ័យខ្ពស់នៅក្នុង Bitcoin, cryptocurrency ឬទ្រព្យសម្បត្តិឌីជីថល។ សូមណែនាំថាការផ្ទេរនិងការធ្វើពាណិជ្ជកម្មរបស់អ្នកគឺជាហានិភ័យផ្ទាល់របស់អ្នកហើយការបាត់បង់ណាមួយដែលអ្នកអាចទទួលរងគឺជាទំនួលខុសត្រូវរបស់អ្នក។ Daily Hodl មិនបានផ្តល់អនុសាសន៍ឱ្យទិញឬលក់រូបិយប័ណ្ណគ្រីបថលឬទ្រព្យសម្បត្តិឌីជីថលទេហើយក៏មិនមែនជាអ្នកផ្តល់ប្រឹក្សាផ្នែកវិនិយោគផងដែរ។ សូមកត់សម្គាល់ថាឌឹដេវហូដចូលរួមក្នុងទីផ្សារសម្ព័ន្ធ។
រូបភាពពិសេស៖ Shutterstock/solarseven/Dario Lo Presti/Andy Chipus
Source: https://dailyhodl.com/2022/10/17/decentraland-mana-showing-signal-that-once-preceded-610-rally-crypto-analytics-firm-santiment/